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Marathon Petroleum MPC Income Taxes Payable

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Other financials

Income statement

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Revenue$34.2B+8.5%
Gross profit$2.9B+36.3%
Operating income$1.4B+104%
Net income$511.0M+791%
EPS (diluted)$1.73+821%

Balance sheet

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Cash & equivalents$2.2B-43.6%
Total debt$1.5B+22.3%
Total equity$16.8B+2.2%
Total assets$88.2B+8.0%

Cash flow

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Operating cash flow$1.1B+1,852%
CapEx$913.0M+37.7%
Free cash flow$208.0M+129%

Valuation

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Market cap$70.91B+58.4%
Enterprise value$70.26B+66.5%
P/E15.3×-3.1×
P/S0.5×+0.2×

Profitability

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Gross margin10.4%+1.9pp
Operating margin6.7%+2.5pp
Net margin3.4%+1.7pp
FCF margin4.2%+1.0pp

Returns & leverage

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Return on equity27.9%+15.6pp
Debt / equity0.1×0.0×
Current ratio1.2×0.0×

Where this comes from

Reported directly by Marathon Petroleum in its filing.

Tagged under the XBRL concept us-gaap:TaxesPayableCurrent.

The official record: Marathon Petroleum’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marathon Petroleum's income taxes payable?
Marathon Petroleum (MPC) reported income taxes payable of $1.63B in Q1 2026.
How has Marathon Petroleum's income taxes payable changed year-over-year?
Marathon Petroleum's income taxes payable increased by 29.0% year-over-year, from $1.27B to $1.63B.
What is the long-term trend for Marathon Petroleum's income taxes payable?
Over 4 years (2021 to 2025), Marathon Petroleum's income taxes payable has grown at a 4.8% compound annual growth rate (CAGR), from $1.23B to $1.48B.
What does income taxes payable mean?
The amount of income tax the company currently owes to tax authorities.
How do you interpret income taxes payable?
An increase typically reflects higher taxable earnings, whereas a decrease may indicate tax payments made or lower profitability.
How does income taxes payable compare across companies?
Varies significantly based on jurisdictional tax laws and the company's effective tax rate compared to industry peers.